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APPC - Exploring diaspora giving in Asia and the Pacific
1 March 2007
Alliance magazine
The contribution of migrants to national economies through diaspora giving is rapidly increasing. According to the World Bank, remittances amount to $US233 billion a year, exceeding total official development aid and falling close behind foreign direct investment. Other indicators of the growth of diaspora giving include the formation of foundations dedicated to the ‘transmission’ of charitable giving by migrants to their home countries, such as the Ayala Foundation USA (Philippines), the American India Foundation (India) and the Asia Foundation’s Give2Asia.
